Coupa Software Inc (COUP) CRO Steven M. Winter Sells 11,336 Shares

Coupa Software Inc (NASDAQ:COUP) CRO Steven M. Winter sold 11,336 shares of the business’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $78.35, for a total value of $888,175.60. Following the transaction, the executive now directly owns 12,795 shares of the company’s stock, valued at $1,002,488.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

COUP traded down $1.63 on Friday, reaching $79.10. The company’s stock had a trading volume of 738,422 shares, compared to its average volume of 898,372. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of -104.08 and a beta of 1.09. Coupa Software Inc has a fifty-two week low of $30.15 and a fifty-two week high of $84.53.

A number of institutional investors and hedge funds have recently made changes to their positions in COUP. SG Americas Securities LLC purchased a new stake in Coupa Software in the second quarter valued at approximately $153,000. StepStone Group LP purchased a new stake in Coupa Software in the first quarter valued at approximately $186,000. GAM Holding AG purchased a new stake in Coupa Software in the second quarter valued at approximately $204,000. Quantitative Systematic Strategies LLC purchased a new stake in Coupa Software in the second quarter valued at approximately $211,000. Finally, Great West Life Assurance Co. Can lifted its stake in Coupa Software by 50.5% in the second quarter. Great West Life Assurance Co. Can now owns 4,064 shares of the technology company’s stock valued at $253,000 after buying an additional 1,364 shares during the last quarter. 99.60% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the company. Cantor Fitzgerald boosted their price objective on Coupa Software from $67.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 5th. Northland Securities downgraded Coupa Software from an “outperform” rating to a “market perform” rating in a report on Tuesday. Barclays upped their price target on Coupa Software from $53.00 to $58.00 and gave the company an “equal weight” rating in a report on Wednesday, August 15th. Loop Capital upped their price target on Coupa Software to $72.00 and gave the company a “hold” rating in a report on Wednesday, September 5th. Finally, Zacks Investment Research raised Coupa Software from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Friday, September 7th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $63.69.

Coupa Software Company Profile

Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.

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Insider Buying and Selling by Quarter for Coupa Software (NASDAQ:COUP)

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